General Information
Business today participates directly or indirectly in the global economy. Purely domestic markets have almost ceased to exist. In your career, you will be interacting with businesses and managers across the world. International Business is a survey of the global business environment and its effects on the operation of service and product organisations. The subject examines the impact of international economic activities and financial institutions on international management, as well as the challenges of the global environment including governments, customs, and cultures.
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Details
Academic unit: Bond Business School Subject code: IBUS71-104 Subject title: Business in the Global Economy Subject level: Postgraduate Semester/Year: January 2020 Credit points: 10.000 -
Delivery & attendance
Timetable: https://bond.edu.au/timetable Delivery mode: Standard Workload items: Attendance and learning activities: Attendance at all sessions s is expected. Students are expected to notify the instructor of any absences with as much advance notice as possible. -
Resources
Prescribed resources: No Prescribed resources.
After enrolment, students can check the Books and Tools area in iLearn for the full Resource List.iLearn@Bond & Email: iLearn@Bond is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student. To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
Academic unit: | Bond Business School |
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Subject code: | IBUS71-104 |
Subject title: | Business in the Global Economy |
Subject level: | Postgraduate |
Semester/Year: | January 2020 |
Credit points: | 10.000 |
Timetable: | https://bond.edu.au/timetable |
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Delivery mode: | Standard |
Workload items: | |
Attendance and learning activities: | Attendance at all sessions s is expected. Students are expected to notify the instructor of any absences with as much advance notice as possible. |
Prescribed resources: | No Prescribed resources. After enrolment, students can check the Books and Tools area in iLearn for the full Resource List. |
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iLearn@Bond & Email: | iLearn@Bond is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student. To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au |
Enrolment requirements
Requisites: |
Nil |
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Assumed knowledge: |
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
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Restrictions: |
Nil |
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Explain the impact of global business environment on international business operations.
- Comprehend and analyse key issues of international business strategy and operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.
Generative Artificial Intelligence in Assessment
The University acknowledges that Generative Artificial Intelligence (Gen-AI) tools are an important facet of contemporary life. Their use in assessment is considered in line with students’ development of the skills and knowledge which demonstrate learning outcomes and underpin study and career success. Instructions on the use of Gen-AI are given for each assessment task; it is your responsibility to adhere to these instructions.
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Assessment details
Type Task % Timing* Outcomes assessed Presentation§ Presentation 1 20.00% Week 6 1,2,3,4 Presentation§ Presentation 2 5.00% Week 10 1,2,3,4 Project Report§ Report. Due 4pm Friday of Week 11 30.00% Week 11 1,2,3,4 *Class Participation Participation in Class discussion 15.00% Ongoing 1,2,3,4 Case Analysis^ Case Study 30.00% In Consultation 1,2,3,4 - ^ Students must pass this assessment to pass the subject
- § Indicates group/teamwork-based assessment
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
Pass requirement
Students must pass the individual assessment items in aggregate in order to pass the subject.
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Assessment criteria
Assessment criteria
High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment. Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Type | Task | % | Timing* | Outcomes assessed |
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Presentation§ | Presentation 1 | 20.00% | Week 6 | 1,2,3,4 |
Presentation§ | Presentation 2 | 5.00% | Week 10 | 1,2,3,4 |
Project Report§ | Report. Due 4pm Friday of Week 11 | 30.00% | Week 11 | 1,2,3,4 |
*Class Participation | Participation in Class discussion | 15.00% | Ongoing | 1,2,3,4 |
Case Analysis^ | Case Study | 30.00% | In Consultation | 1,2,3,4 |
- ^ Students must pass this assessment to pass the subject
- § Indicates group/teamwork-based assessment
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
Pass requirement
Students must pass the individual assessment items in aggregate in order to pass the subject.
Assessment criteria
High Distinction | 85-100 | Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. |
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Distinction | 75-84 | Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. |
Credit | 65-74 | Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. |
Pass | 50-64 | Usually awarded to students whose performance meets the requirements set for work provided for assessment. |
Fail | 0-49 | Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. |
Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Study Information
Submission procedures
Students must check the iLearn@Bond subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the lead educator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension in writing by the lead educator, a penalty of 10% per day late starts from the new due date.
Academic Integrity
University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Bond University utilises Originality Reporting software to inform academic integrity.Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
Accessibility and Inclusion Support
If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.
Additional subject information
A peer-evaluation system will be used in this subject to help determine the individual marks for all group assessments. As part of the requirements for Business School quality accreditation, the Bond Business School employs an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected. As part of the requirements for Business School quality accreditation, the Bond Business School employs an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Subject curriculum
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Global business
What is globalization? What are the consequences for business ?
SLOs included
- Explain the impact of global business environment on international business operations.
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Political & legal environments
How do geopolitical factors affect trade and business? How do companies accommodate political risk? How do legal systems affect the conduct of international business?
SLOs included
- Explain the impact of global business environment on international business operations.
- Comprehend and analyse key issues of international business strategy and operations.
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Economic differences
What metrics are used to evaluate a country's economic progress and why are these important?
SLOs included
- Explain the impact of global business environment on international business operations.
- Comprehend and analyse key issues of international business strategy and operations.
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Cultural environments
How do cultural differences influence international trade and investment? Can culture be measured?
SLOs included
- Explain the impact of global business environment on international business operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
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Trade theory
What are the major theories of international trade and how did these evolve? To what extent are these theories relevant in a globalized world?
SLOs included
- Explain the impact of global business environment on international business operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
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Trade systems
What are the arguments for restriction of trade by governments? How do tariffs and non-tariff barriers affect business internationally?
SLOs included
- Explain the impact of global business environment on international business operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.
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Regionalism
What are the differences between multilateralism, bilateralism and plurilateralism? What are the different types of RTAs and how do Rules of Origin affect international business?
SLOs included
- Explain the impact of global business environment on international business operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.
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Country selection
What environmental factors need to be considered when selecting countries for business expansion? What are the main models used?
SLOs included
- Explain the impact of global business environment on international business operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.
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Entry strategies
Which are the main types of strategy followed by companies wishing to enter new markets?
SLOs included
- Explain the impact of global business environment on international business operations.
- Comprehend and analyse key issues of international business strategy and operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.
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Control systems
Why should organizational design and control systems be consistent with entry strategy?
SLOs included
- Explain the impact of global business environment on international business operations.
- Comprehend and analyse key issues of international business strategy and operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.
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FDI
What is the difference between foreign direct investment and foreign portfolio investment? How is the OLI paradigm relevant to the selection of modes of entry?
SLOs included
- Comprehend and analyse key issues of international business strategy and operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.
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Alliances
How are alliances used to fund and expand international business? What are the differences between licensing, franchising and joint ventures in international business?
SLOs included
- Comprehend and analyse key issues of international business strategy and operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.
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Import/export
How has technology affected transportation? What is the process and documentation required for import/export? What are the methods of payment for imports including letters of credit and countertrade?
SLOs included
- Comprehend and analyse key issues of international business strategy and operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.
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Foreign exchange
What are the complications arising from foreign exchange and how do companies hedge against this risk? What are the common hedging instruments and how do they work?
SLOs included
- Explain the impact of global business environment on international business operations.
- Comprehend and analyse key issues of international business strategy and operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.
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International corporate finance function
What is a company's international finance function? How specifically do MNEs manage working capital and raise FOREX for capital investment?
SLOs included
- Comprehend and analyse key issues of international business strategy and operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.
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International accounting and taxation
What are the types of accounting systems around the world and how are they a product of national culture? What are the principles of international taxation? How do uncooperative tax havens operate? What are some common techniques used to avoid tax? Are these ethical?
SLOs included
- Comprehend and analyse key issues of international business strategy and operations.
- Evaluate basic theories and concepts of international business and apply them to the real business world.
- Develop the ability to identify the opportunities and challenges associated with doing business in foreign countries and to deal with them effectively.